In 2014, Greece spent EUR 1.488,7 million in R&D activities, which is equivalent to 0.84% of the GDP, a slight increase in comparison to previous years. More specifically, the total expenditure on R&D for 2014 increased by 23 million in comparison to 2013 due to the augmentation of the public funding for R&D combined with the decrease of GDP.

Ιn 2014, R&D Intensity (R&D Expenditure as a percentage of GDP), which is the key indicator used to measure progress towards the European Union strategic target for investment in R&D, reached 0.84%. Greece is ranked 22nd among the EU28 Member States and Finland with 3,17% is ranked 1st.

In terms of the source of funds in 2014, the Government financed R&D Expenditure in Greece with 793,2 million euros, while funding originating from the private sector (enterprises) accounted for 30.3% (EUR 444,3 million) of total R&D Expenditure.

Finally, with regard to the R&D personnel, in 2014, the full-time equivalents (FTE), R&D Personnel numbered 43,316,1 people, indicating an increase of 2.7% in comparison with 2013. The number of researchers increased slightly by 2.2% in comparison with 2013.